Wall street wolf

By Steven Zeitchik The Washington Post Tues., Jan. 1, 2019 NEW YORK—When David Caspe and Jordan Cahan began developing a fictional show about the Wall Street crash of 1987, the world was just emerging from the 2008 financial crisis, and the pair sought to illuminate that present by shining a light on the past. As the years wore on without a network green-light, the project seemed less and less relevant as the markets kept rising. So much for that. “To see the Dow drop 400 points and then drop another 400 points, and then spike and then go down again — this feels timely in a way we could not have planned,” Caspe said. “It’s a cheesy line we like to say but it’s true: ‘Look how far we haven’t come,’” said Cahan. Article Continued Below Black Monday, a 10-episode miniseries which premieres on Showtime on Jan. 20, examines what happens when an ever-steeper climb of the financial markets is followed … [Read more...] about Black Monday finds links between 1980s-era Wall Street crash and present day

caption Leonardo DiCaprio in Wolf of Wall Street. source Paramount Pictures/Youtube “Substantial growth” in trading and equity underwriting across Wall Street points to good news come yearend, when employees learn what they will get for bonus pay, according to a new report from Johnson Associates. Equity sales and trading personnel may see incentive pay surge 15% to 20%, while fixed-income colleagues may see a 5% to 10% bump. Wall Street workers who trade stocks or derivatives linked to equity markets may see annual bonuses surge as much as 20% as market volatility picks up and more startups head to the public markets to sell shares, according to a new report. People who work in sales and trading, regardless of their product area, are in line for a strong year, compensation consultant Johnson Associates said in its second-quarter report. At this rate, equities personnel will see incentive compensation climb 15% to 20% compared to last year, … [Read more...] about Wall Street bonuses are set to soar as volatility breathes new life into trading desks once left for dead

In July 1983, sweet-talking smart guys Joe Hunt and Dean Karny convinced their wealthy friends In Los Angeles to put their money into the BBC, their investment/social club where you can supposedly earn 50% in three quick weeks. With the backing of their financier, Ron Levin, the boys steadily built up their monetary portfolio, as well as their lifestyle. However, time came when tables eventually turned against Hunt and Karny in deadly ways. "Billionaire Boys Club" is based on true-to-life events that happened in Southern California in 1983. We have all heard of these get-rich-quick schemes, a modus of crime which proliferates up to the present day. We know that any investment scheme which sounds to good to be true is most probably a scam. In this film, the shady nature of the BBC business was apparent from the get-go, so we know it was not going to last. However the consequences of their greed and corruption were so convoluted, such that it was proof that truth was indeed … [Read more...] about News
Movie review: ‘Billionaire Boys Club’ is no ‘Wolf of Wall Street’

The company behind the 2013 film, "The Wolf of Wall Street", agreed to pay the US government US$60 million (S$79 million) to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from a Malaysian state fund. The film's producer, Red Granite Pictures, co-founded by the Malaysian prime minister's stepson, announced last September that it had "reached a settlement in principle" with the US government, but did not reveal any sum at the time. According to a filing in a California court yesterday, the company also settled claims against its rights and interests in two other films, "Daddy's Home" and "Dumb and Dumber To". "We are glad to finally put this matter behind us and look forward to refocusing all of our attention back on our film business," Red Granite said in a statement on the filing. US prosecutors, pursuing their biggest kleptocracy asset recovery initiative, had claimed the three films were financed by Red Granite using money misappropriated from … [Read more...] about Wolf of Wall Street producers to pay $79m to US in 1MDB lawsuit

The Wolf Of Wall Street, starring Leonardo DiCaprio, was embroiled into the 1MDB lawsuit brought by the US DoJ. The company behind the 2013 film, “The Wolf of Wall Street”, agreed to pay the United States government $60 million to settle a civil lawsuit that sought to seize assets allegedly bought with money stolen from a Malaysian state fund. The film’s producer, Red Granite Pictures, co-founded by the Malaysian prime minister’s stepson, announced last September that it had “reached a settlement in principle” with the US government, but did not reveal any sum at the time. According to a filing in a California court on Wednesday, the company also settled claims against its rights and interests in two other films, “Daddy’s Home” and “Dumb and Dumber To”. “We are glad to finally put this matter behind us and look forward to refocusing all of our attention back on our film business,” Red Granite said in a … [Read more...] about ‘The Wolf of Wall Street’ producers to pay $60 million to US in 1MDB lawsuit settlement